 \begin{table}[htbp!]\centering \def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi} \caption{\textbf{Euro Area Holders of Sovereign Debt} \label{tab:reg\_EAHolders}} \makebox[0pt][l]{ \hspace{-9.6cm} \parbox{}{ \begin{tabular}{l*{8}{lcccccccc}} \hline \multicolumn{9}{l}{} \\ \multicolumn{9}{c}{\textbf{Panel A: Marginal Investment from Euro Area (EA) Investors}} \\ \multicolumn{9}{l}{} \\ 
                &\multicolumn{1}{c}{(1)}&\multicolumn{1}{c}{(2)}&\multicolumn{1}{c}{(3)}&\multicolumn{1}{c}{(4)}&\multicolumn{1}{c}{(5)}&\multicolumn{1}{c}{(6)}&\multicolumn{1}{c}{(7)}&\multicolumn{1}{c}{(8)}\\
                &\multicolumn{1}{c}{DomBk}&\multicolumn{1}{c}{DomCB}&\multicolumn{1}{c}{DomNB}&\multicolumn{1}{c}{ForBk Non-EA}&\multicolumn{1}{c}{ForBk EA}&\multicolumn{1}{c}{ForNB Non-EA}&\multicolumn{1}{c}{ForNB EA}&\multicolumn{1}{c}{ForOff}\\
\hline
Non-EA          &     0.12\sym{*}  &     0.06         &     0.62\sym{***}&     0.04         &     0.01         &     0.12\sym{*}  &     0.05\sym{*}  &    -0.01         \\
                &   (0.06)         &   (0.05)         &   (0.12)         &   (0.03)         &   (0.01)         &   (0.06)         &   (0.02)         &   (0.02)         \\
                &                  &                  &                  &                  &                  &                  &                  &                  \\
Obs             &      124         &      124         &      124         &      124         &      124         &      124         &      124         &      124         \\
$ R^2 $         &    0.592         &    0.349         &    0.653         &    0.228         &    0.267         &    0.321         &    0.577         &    0.261         \\
\hline \end{tabular}
\begin{tabular*}{1.09\textwidth}{l>{\centering\arraybackslash}p{3.8cm}>{\centering\arraybackslash}p{3.8cm}>{\centering\arraybackslash}p{3.8cm}>{\centering\arraybackslash}p{3.8cm}cccc} \multicolumn{9}{l}{} \\ \multicolumn{5}{c}{\textbf{Panel B: Euro NonBank Decomposition: Quarterly}} &\multicolumn{1}{c}{} \\ &\multicolumn{1}{c}{} \\ 
                &\multicolumn{1}{c}{(1)}&\multicolumn{1}{c}{(2)}&\multicolumn{1}{c}{(3)}&\multicolumn{1}{c}{(4)}\\
                &\multicolumn{1}{c}{InsurPens}&\multicolumn{1}{c}{Otherfin}&\multicolumn{1}{c}{Households}&\multicolumn{1}{c}{NFC}\\
\hline
Non-EA          &     0.21\sym{*}  &     0.78\sym{***}&     0.01         &     0.01         \\
                &   (0.12)         &   (0.12)         &   (0.00)         &   (0.00)         \\
                &                  &                  &                  &                  \\
Obs             &      691         &      691         &      691         &      691         \\
$ R^2 $         &    0.323         &    0.826         &    0.084         &    0.058         \\
\hline

 Non-EA AE      &     0.09         &     0.89\sym{***}&     0.00         &     0.01         \\
                &   (0.06)         &   (0.07)         &   (0.00)         &   (0.02)         \\
                &                  &                  &                  &                  \\
Obs             &      241         &      241         &      241         &      241         \\
$ R^2 $         &    0.428         &    0.927         &    0.214         &    0.123         \\
\hline

 Non-EA EM      &     0.25         &     0.74\sym{***}&     0.01         &     0.00\sym{*}  \\
                &   (0.14)         &   (0.14)         &   (0.00)         &   (0.00)         \\
                &                  &                  &                  &                  \\
Obs             &      450         &      450         &      450         &      450         \\
$ R^2 $         &    0.345         &    0.803         &    0.086         &    0.118         \\
\hline \end{tabular*}}} \end{table}
